Car prices could rise by $5,000 to $15,000 if a 25% tariff on imported cars is maintained, according to Goldman Sachs.
Automakers are likely to pass on the impact of tariffs to customers by raising prices, and that could close the price gap between Tesla’s electric vehicle and competing gas-powered cars, analysts said.
This is Elon utilizing political power to destroy Tesla’s competition. Markets tell the story this morning: Tesla stock is up, while other auto makers’ stocks are down.
Guess more of the Tesla batteries need to spontaneously combust. Tesla can’t survive on US sales alone. Especially when other companies are not despised globally like Tesla is ATM.